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CORPORATIONS ACT 2001 - SECT 905P

Matters to be taken into account by ASIC

             (1)  ASIC must have regard to certain matters in deciding whether to:

                     (a)  grant an applicant an Australian derivative trade repository licence under section 905C; or

                     (b)  impose, vary or revoke conditions on such a licence under section 905F; or

                     (c)  suspend or cancel such a licence under section 905J.

             (2)  The matters ASIC must have regard to are as follows:

                     (a)  the structure, or proposed structure, of the derivative trade repository;

                     (b)  the nature of the activities conducted, or proposed to be conducted, by the derivative trade repository;

                     (c)  the size, or proposed size, of the derivative trade repository;

                     (d)  the persons who are, or may be, required to report derivative trade data to the derivative trade repository;

                     (e)  the technology used, or proposed to be used, in the operation of the derivative trade repository;

                      (f)  whether it would be in the public interest to take the action referred to in subsection (1).

ASIC may also have regard to any other matter that ASIC considers relevant.



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